1. The bonds issued by Stainless Tubs bear an 8 percent coupon, payable semiannually. The bonds mature in 11 years and have a $1,000 face value. Currently, the bonds sell for $952. What is the yield to maturity?

2. Collingwood Homes has a bond issue outstanding that pays an 8.5 percent coupon and matures in 16.5 years. The bonds have a par value of $1,000 and a market price of $944.30. Interest is paid semiannually. What is the yield to maturity?

3. Oil Well Supply offers 7.5 percent coupon bonds with semiannual payments and a yield to maturity of 7.68 percent. The bonds mature in 6 years. What is the market price per bond if the face value is $1,000?

4. Roadside Markets has a 6.75 percent coupon bond outstanding that matures in 10.5 years. The bond pays interest semiannually. What is the market price per bond if the face value is $1,000 and the yield to maturity is 7.2 percent?

5. Redesigned Computers has 6.5 percent coupon bonds outstanding with a current market price of $832. The yield to maturity is 16 percent and the face value is $1,000. Interest is paid semiannually. How many years is it until these bonds mature?

6. Blackwell bonds have a face value of $1,000 and are currently quoted at 98.4. The bonds have a 5 percent coupon rate. What is the current yield on these bonds?

7. The yield to maturity on a bond is currently 8.46 percent. The real rate of return is 3.22 percent. What is the rate of inflation?

8. Kaiser Industries has bonds on the market making semiannual payments, with 14 years to maturity, and selling for $1,382.01. At this price, the bonds yield 7.5 percent. What is the coupon rate?

9. Bryceton, Inc. has bonds on the market with 13 years to maturity, a yield-to-maturity of 9.2 percent, and a current price of $802.30. The bonds make semiannual payments. What is the coupon rate?

10. Miller Brothers Hardware paid an annual dividend of $0.95 per share last month. Today, the company announced that future dividends will be increasing by 2.6 percent annually. If you require a 13 percent rate of return, how much are you willing to pay to purchase one share of this stock today?

11. Sessler Manufacturers made two announcements concerning its common stock today. First, the company announced that the next annual dividend will be $1.75 a share. Secondly, all dividends after that will decrease by 1.2 percent annually. What is the maximum amount you should pay to purchase a share of this stock today if you require a 14 percent rate of return?

12. Upper Crust Bakers just paid an annual dividend of $3.10 a share and is expected to increase that amount by 4 percent per year. If you are planning to buy 1,000 shares of this stock 2 years from today, how much should you expect to pay per share if the market rate of return for this type of security is 12 percent at the time of your purchase?

13. The common stock of Auto Deliveries sells for $28.16 a share. The stock just paid $1.35 per share. The firm has FIN 3030 Business Finance Assignment #5 Due Date: Thursday, May 18, 2017 established a pattern of increasing its dividends by 3 percent annually and expects to continue doing so. What is the market rate of return on this stock?

14. The current dividend yield on Clayton's Metals common stock is 3.2 percent. The dividend growth rate is expected to remain constant at the current level of 4.05 percent. What is the required rate of return on this stock?

15. Northern Gas recently paid a $2.80 annual dividend on its common stock. This dividend increases at an average rate of 3.8 percent per year. The stock is currently selling for $26.91 a share. What is the market rate of return?

16. Great Lakes Health Care common stock offers an expected total return of 9.2 percent. The last annual dividend was $2.00 a share. Dividends increase at a constant 2.2 percent per year. What is the dividend yield?

17. Roy's Welding Supplies common stock sells for $38 a share and pays an annual dividend that increases by 3.2 percent annually. The market rate of return on this stock is 8.20 percent. What is the amount of the last dividend paid?

18. Atlas Mines has adopted a policy of increasing the annual dividend on its common stock at a constant rate of 2.75 percent annually. The firm is planning to pay an annual dividend of $1.67 next year. What will the dividend be seven years from now?

19, 20. Combined Communications is a new firm in a rapidly growing industry. The company is planning on increasing its annual dividend by 5 percent a year for the next 4 years and then decreasing the growth rate to 3.5 percent per year. The company just paid its annual dividend in the amount of $1.20 per share. What is the current value of one share of this stock if the required rate of return is 5.5 percent?